Rate Hike – DIGIT INFO

Bitcoin limps into FOMC as flagging volume adds to BTC price hurdles

Bitcoin price looks unlikely to break out as markets brace for Fed rate hike volatility.

US Central Bank Expected to Raise Lending Rate by 25bps: Experts Predict Final Hike of 2023

After the most recent increase in the federal funds rate, the U.S. Federal Reserve is set to raise the lending rate by 25 basis points (bps) to 5.25% in three days, according to expectations. A recent poll of 105 economists revealed that 94 of them predict a 25bps rate hike will occur during the May […]

Go to Source

US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year

On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following the nine times the U.S. Federal Reserve raised the federal funds rate. U.S. Inflation Cools […]

Go to Source

Bitcoin price rivals 10-month high as CPI data beats expectations

BTC price performance gets a fresh boost from strong U.S. inflation data, with Bitcoin bulls eyeing a clean trend breakout.

Go to Source

Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023

After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central bank’s mission. Additionally, the majority of the market is pricing in another 0.25% increase for the May […]

Go to Source

Will BTC ditch the bear market? 5 things to know in Bitcoin this week

Bitcoin price is gearing up for a key monthly close that could see it dump its 2022 bear market for good.

Go to Source

Galaxy Digital CEO ‘wouldn’t be surprised’ if Bitcoin hit $30K this quarter

Recent positive Bitcoin price action has been linked to a slowdown of U.S. inflation, Mike Novogratz thinks the price rally could sustain until the end of March.

Go to Source

‘Forget a pivot’ — markets won’t see Fed rate cut boost in 2023, says analyst

Bitcoin, stocks or else, there is now no light at the end of the Fed rate hike tunnel in 2023, says Jim Bianco.

Go to Source

Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year

The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raised the federal funds rate by 50 basis points (bps). The 0.5 percentage point rise follows the four consecutive three-quarters of a point increases codified during the last few months. The FOMC’s rate hike follows the recent U.S. inflation report which indicated […]

Go to Source

Bank of England Hikes Repo Rate by 75bps — UK’s 30-Year Fixed Mortgage Rate Jumps to 7%

On Nov. 3, 2022, the Bank of England followed the U.S. Federal Reserve by codifying the eighth consecutive benchmark bank rate hike by 75 basis points (bps). The increase brings the United Kingdom’s main lending rate to 3%, after a majority of the Monetary Policy Committee (MPC) members voted in favor of the 75bps increase. […]

Go to Source